Thursday, Oct 22, 2009

I think the BTL 'empire' owning BBC online editors have lost the plot

BBC 'News': Banks 'to lend more in mortgages'

Read the article, then read the title. What is going on?

Posted by paul @ 06:32 PM (1987 views)
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1. This comment has been removed as it was found to be in breach of our Blog Policies.


2. debtfree said...

Interesting.... nice to know that you can actually add a news article.

All of the news articles I added this afternoon don't appear, yes, they are 'property' related. Maybe this site is going downhill, just like the idea that prices are going to crash ?

Good luck all, I'm outta here.

Thursday, October 22, 2009 06:56PM Report Comment

3. rumble said...

@debtfree: I added a few too, but I didn't enter my password, so I guess they're sitting in an inbox somewhere.

@paul: editors wearing seriously rose-tinted lenses.

Thursday, October 22, 2009 07:22PM Report Comment

4. tyrellcorporation said...

@Paul, The BBC are rewriting the book on spin. Apparently anything can be made to sound positive when worded 'correctly'.

Amazing stuff...

Thursday, October 22, 2009 07:23PM Report Comment

5. bluebeach said...

Hey Smuggs....... "give me six"

Thursday, October 22, 2009 07:42PM Report Comment

6. bluebeach said...

Debtfree...... I've listened for too long also.... I'm outta here too..... As smuggsy says..... What a wonderful life Ive had....just wish I had realised it sooner..... life is too short.... Goodnight yall

Thursday, October 22, 2009 07:42PM Report Comment

7. c'mon correction said...

Bizarre?!!? Don't know what has happened to the BBC?

I wonder if the Conservatives will cut their funding and privatise them if they get in power, would be very interesting how they compete in the 'real' tv world. They generally report/ are opinionated towards the Labour government; which really they should hold to account more than any other party because they are currently in power.

Thursday, October 22, 2009 07:46PM Report Comment

8. smugdog said...

Hey chaps, don't go! The fun is only just getting started. Lending is starting to ease, mortgage multiples are increaseing, the masses are begining to be hoodwinked once more (bless them). More boom, and just one step out before the bust once more, simples.

Thursday, October 22, 2009 07:47PM Report Comment

9. bluebeach said...

Hey Smuggs...."give me six"

Thursday, October 22, 2009 07:49PM Report Comment

10. C'mon Correction said...

Goodnight bluebeach, sweet dreams

Thursday, October 22, 2009 07:54PM Report Comment

11. jack c said...

The BBC conveniently forgot to report that the major lenders are expecting to increase mortgage fees in the coming months to compensate for a reduction in spreads - best read the BOE publication which can be found at

Thursday, October 22, 2009 08:13PM Report Comment

12. alan said...

Thanks for the link Jack C.

I think the BBC would like the housing bubble to re-inflate again with lots of punters piling in. However, the BoE report seems to imply that borrowers are becoming more cautious of taking on more debt, and reducing outstanding debts. This is bourne out by the poll on Credit Action's website today.

Thursday, October 22, 2009 09:36PM Report Comment

13. mr g said...

Editors and the top brass at the BBC are distracted and bricking themselves that Griffin might appear to be talking common sense tonight and consequently are allowing rubbish like this to go out.

Thursday, October 22, 2009 09:48PM Report Comment

14. gone-to-colombia said...

Looks like the data that the article is based upon tells the opposite story to the BBC spin.

Regarding crash vs no crash, house prices were never going to turn around overnight, this is going to be a long slow ride down.
High unemployment, high personal and public debt, the world economic packages running out, a country with nothing to sell, and a post election government that must make dramatic cuts and raise taxes.

I see no prospect of house price rises in these realities.

Thursday, October 22, 2009 09:59PM Report Comment

15. fallingbuzzard said...

Never a truer word said, I think it will take 5 years for prices to fall to a real-terms bottom if not longer

Friday, October 23, 2009 02:51AM Report Comment

16. ontheotherhand said...

In the BofE report they talk about you can see that in 2007 net monthly secured lending to individuals was 9 billion a month, in 2008 3.4 billion a month, and from April to August this year 0.5 billion per month. I should hope the banks are saying it's up from here!!!

Interestingly, chart 2.4 shows that the major factor for lenders believing that they will lend more is their 'expectation for house prices'. I wonder what the usual winter lull will do to that expectation.

Friday, October 23, 2009 09:06AM Report Comment

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